That’s probably the best strategy. Or buying a duplex and renting half of it. Either way now-a-days in America you gotta be willing to put ALOT of sweat equity in the get a shelter
Right, but you’d try to find a distressed duplex for the same price as a single family. If you’re gonna risk buying a shitter and fixing it, might as well get an additional income.
Varies by town ordinance; but if it’s within standards usually you can get a deed for each unit and it becomes a condo association basically. Part of the zoning reforms we are fighting for.
Most people use this trick when they have friends or family and the rental is a mutually beneficial situation. but when you get into larger homes and commercial redesignation, we’ve turned a lot of old mansions and warehouses into 4+ unit condos.
That’s probably the best strategy. Or buying a duplex and renting half of it. Either way now-a-days in America you gotta be willing to put ALOT of sweat equity in the get a shelter
That’s just buying two houses to rent one though
Right, but you’d try to find a distressed duplex for the same price as a single family. If you’re gonna risk buying a shitter and fixing it, might as well get an additional income.
Is that a thing? I’m in Canada and I’ve never seen a duplex sell as a single house. If you could find it that would be a pretty sweet deal
Varies by town ordinance; but if it’s within standards usually you can get a deed for each unit and it becomes a condo association basically. Part of the zoning reforms we are fighting for.
Most people use this trick when they have friends or family and the rental is a mutually beneficial situation. but when you get into larger homes and commercial redesignation, we’ve turned a lot of old mansions and warehouses into 4+ unit condos.
Not a fan of capitalism? Just exploit the working class duh!